Master of Mathematical Finance (MMF)
The most quantitative of Toronto's five finance master's, a one-year course with an internship, taught by academics and practitioners. Students pick an emphasis in Sustainable Finance or FinTech; core covers pricing theory, numerical methods, machine learning and data science.
What you’ll study
Core
- Introduction to the Financial Industry
- Information Technology
- Data Science
- Pricing Theory
- Dynamic Data Science
- Risk Management
- Numerical Methods for Finance
- Machine Learning for Finance
- Communication
- Internship
- Investment and Finance
- Operations Research
- Financial Markets and Corporate Policy
- Asset Management
- Financial Modelling
- Innovation and Entrepreneurship
Electives
- Workshop in Mathematical Finance
- Blockchain Fundamentals
- Climate Risk Management
- Sustainability in Finance
- Workshop on Social Fin Tech
- Large Language Models in Finance
Source: mmf.utoronto.ca ↗
Before you apply
- Background
- Four-year bachelor's in a quantitative or technical discipline, about 75% in last two years
- Maths
- Linear algebra; multivariate calculus; differential equations; real analysis; one undergraduate statistics course (regression, time series)
- Programming
- R, Python, C++ or MATLAB
- Tests
- GRE/GMAT not mentioned
- English
- Required for non-English-institution applicants; minimums not stated on page
- Other
- Nine-question video interview (4 behavioural, 5 technical); two references; CV; work experience optional
Source: mmf.utoronto.ca ↗
After graduation
- Typical first roles
- Quantitative research and analysis, Data science, Risk management, Portfolio construction, Financial engineering, Machine learning
Source: mmf.utoronto.ca ↗
Want to see what employers ask for? Browse open quant roles.
What students and graduates say
Threads from QuantNet and other forums where applicants, students and graduates discuss this programme. They’re personal views and may be out of date.
- University of Toronto - Master of Mathematical Finance (QuantNet admission discussion) (QuantNet)
- University of Toronto - Master of Mathematical Finance (QuantNet resource page) (QuantNet)
- University of Toronto MMF vs MFE (QuantNet)
- COMPARE University of Toronto MMF vs University of Waterloo MQF (QuantNet)
- Avoid this U of Toronto MMF program: SCAM (QuantNet)
- UofT MMF vs Columbia Stats vs Cornell Tech ORIE for Quant Career? (QuantNet)
Fall 2027 applications open 1 Oct 2026, deadline 20 Dec 2026; no financial aid for MMF students per the apply page. QuantNet ranking table could not be fetched (HTTP 403).
Checked 6 November 2026 against the sources linked on this page. Fees, units and requirements change each year, so confirm them on the programme’s website before applying.